Question

Tom is traveling to Canada and will change US$1,000 US dollars into CAD dollars. At the current exchange rate, US$1 is equal to C$1.6403. How much CAD dollars will he get for his trip? Tom will get C$_____CAD dollars.

Answer 1

1,640.30 CAD dollars

Explanation:

At the current exchange rate:

`US\$1=C\$1.6403`

Multiply both sides of the exchange equation above by 1000.

Tom will get 1,640.30 CAD dollars.